Water Underground

Analysis

Water Underground is a registered charity in United States, based in Long Beach, CA. It received its IRS tax-exemption ruling in July 2015, 11 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Water Underground reported income of $89k and spending of $103k, spending 115% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $379k to $89k (-76%), an average of -30% a year. The sharpest change came in the year to December 2020, when income dropped by 47%. Over the whole period it spent 108% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Water Underground sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 36th percentile within CA. Charities of a similar size with the same main cause include Korean-American Association of Tacoma ($89k), Friends of Chabad Vocational Schools Inc ($89k) and Outreach Africa Inc ($89k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $3,753 against liabilities of $34k, net assets of -$30k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.